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Angel Organization Characteristics Executive Summary
A majority of the organizations operating in 2022 (68%) were structured as not-for-profit entities. A further 29% were for-profit entities. This represents a break with the trend for the proportion of for-profit or- ganizations to increase over time. The majority of angel organizations — 71% — charge annual membership fees for individual members. Fees range from $250 to over $1,000 per year, with just over half (53%) of these angel organizations charging more than $1,000. Just over 60% of organizations extended membership to corporate entities, with 81% of these
angel organizations charging their corporate members a fee. Fees for corporations are typically higher than those for individuals: with one exception, corporate membership fees are in excess of $1,000 a year. The age distribution of angel organizations underlines the growing maturity of angel investing in Canada. 78% of the responding organizations have been established for more than five years and 49% have been operating for 10 years or more. Nevertheless, new organizations continue to be founded, seven of the reporting organi- zations (20%) being less than three years old.
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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